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BASF AG, several chemical companies and SAP AG announced the launch of an independent joint-venture company.

Azco Mining announced the start of full production at the company’s mica processing facility.

Avian Groupusa and Murakami Color Research Laboratory announced an agreement naming Avian Groupusa exclusive sales, service, and technical-support agent for the Murakami line of color and appearance instruments in the United States.

International Specialty Products (ISP) announced that it has terminated its acquisition discussions with Dexter.

Eastman Chemical and McWhorter Technologies announced that their boards of directors have approved a definitive merger agreement.

Huntsman Tioxide announced plans to increase titanium dioxide (TiO₂) manufacturing capacity at plants in Europe and Asia.

Eastern Michigan University (EMU) said it has received its largest single gift ever.

The Valspar Corp. said its board of directors has adopted a shareholder rights plan designed to protect the company against hostile takeovers and “further the long-term interests of Valspar shareholders.”

Ameron International has named Stephen F. Dickey president.

ThermaCell Technologies said it will close its American Paints operations and transfer the business’s coatings manufacturing functions to ThermaCell’s Atlas Chemicals facilities in Miami.